Top 10 Banks in Indonesia

Bank Indonesia (BI) has compiled a list of top 10 largest banks in Indonesia in terms of assets in 2010. PT Bank Mandiri Tbk, with 13.65 % share of total banking assets, took the top spot in the list, followed by PT Bank Rakyat Indonesia Tbk in second position and PT Bank Central Asia Tbk in third position.

Bank Mandiri is committed to delivering a broad range of financial solutions in investment and sharia' products as well as bancassurance for private and state-owned corporate, commercial, small business and micro customers. This commitment had been recognized through the top ranking in Banking Service Excellence Award 2009/10 from Infobank magazine.

Bank Negara Indonesia (BNI) is the first bank formed and owned by the Indonesian Government. It is ranked among the top 4 largest banks in the country. BNI's legal status was upgraded in 1992 to that of a state-owned limited corporation under the name of PT Bank Negara Indonesia and it became a public company through its initial public offering of its shares in 1996.

PT Bank Danamon Indonesia Tbk is one of the largest and strongest bank in the country. The Bank's micro financing unit Danamon Simpan Pinjam has also established itself as among the largest micro financing businesses in the country. As of March 31, 2011 Danamon is the sixth largest bank with a total asset of over Rp122 trillion, with about 64,100 permanent and non permanent employees (including subsidiaries).

The top 10 largest banks in Indonesia are:
1. PT Bank Mandiri Tbk - with assets of Rp 410.619 trillion (13.65% of the total banking assets)
2. PT Bank Rakyat Indonesia Tbk (BRI) - assets Rp 395.396 trillion (13.14%)
3. PT Bank Central Asia Tbk (BCA) - assets Rp 323.345 trillion (10.75%)
4. PT Bank Negara Indonesia Tbk (BNI) - assets Rp 241.169 trillion (8.02%)
5. PT Bank CIMB Niaga Tbk - assets Rp 142.932 trillion (4.75%)
6. PT Bank Danamon Indonesia Tbk - assets Rp 113.861 trillion (3.78%)
7. PT Bank Pan Indonesia Tbk (Panin) - assets Rp 106.508 trillion (3.54%)
8. PT Bank Permata Tbk - assets Rp 74.04 trillion (2.46%)
9. PT Bank Internasional Indonesia Tbk (BII) - assets Rp 72.03 trillion (2.39%)
10. State Savings Bank Tbk PT (BTN) - assets Rp 68.334 trillion (2.27%)

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